NTPC Green Energy urges Sebi to expedite approval for Rs 10K crore IPO

NTPC Green Energy has nudged market regulator Securities and Exchange Board of India (Sebi) to expedite the approval of its Rs 10,000-crore initial public offering (IPO), said people in the know.

The wholly-owned subsidiary of the country’s largest power generating company NTPC had filed its draft red herring prospectus (DRHP) with Sebi last week.

Typically, the regulator takes between 2 and 4 months to vet and give its final observations on a DRHP. As a result, the timeline between initial filing and IPO launch stretches to over six months in most cases.

However, eyeing a late-October to early-November IPO launch,